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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P
Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Surge Energy Inc (Alberta) > Strathcona resources buying surge?
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Comment by pennydredfulon Nov 29, 2021 9:01pm
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Post# 34178265

RE:RE:Strathcona resources buying surge?

RE:RE:Strathcona resources buying surge?Strathcona  were  likely  kicking  the tires  when  the  bank(s)  were  on  Surge.s case  to  get   a  bid  but  that   time frame has long   past. As  you  recall  SGY  sold  an asset  to   TVE   at  that  time  to  placate  the  bank  .

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